US President Donald Trump gave the longest State of the Union address of nearly 1 hour and 48 minutes. While the speech highlighted economic wins, border security, tariffs, and policies, Trump failed to mention crypto, Bitcoin, or the long-awaited CLARITY Act.
BTC price surged more than 3% before the speech in anticipation of hints about crypto regulatory progress, given Trump’s pro-crypto stance. However, BTC fell back below to $64,767 after the speech.
CLARITY Act Passing Odds Dip to 48% After Trump’s State of the Union Address
US President Donald Trump mentioned several key topics including falling inflation, surging stock markets, tax relief, and bold foreign policy moves during the State of the Union address.
However, Trump skipped mention of crypto entirely, causing broader disappointment in the crypto market. The Crypto Market Structure bill remains stalled in the Senate amid debates over stablecoin yields and development to merge the Banking Committee and the Agriculture Committee’s versions.
Prediction markets like Polymarket showed odds of the CLARITY Act signed into law in 2026 dropped to 47% after Trump’s speech.
Meanwhile, Kalshi data also indicated a slump in odds for the crypto market structure bill becoming law, with a 36% chance of passing before May 2026 and a 52% odds of passing before June 2026.
The odds of the CLARITY Act getting signed into law before 2027 have dropped to 66% today, from 84.6% earlier this week.
As CoinGape reported earlier, the White House has sought to break the stablecoin impasse tied to the CLARITY Act. March 1 is set as the negotiation deadline to finalize terms, while Ripple CEO Brad Garlinghouse says the law could pass in April.
Bitcoin Plunges Below $65K Again
Bitcoin has plunged back below $65K after Trump did not mention it in the speech. The positive sentiment during the State of the Union address temporarily lifted the total crypto market cap above $2.3 trillion. Notably, Glassnode and 10x Research warned about a deeper Bitcoin price crash in the coming days.
BTC price is currently trading at $64,864, up 2% over the past 24 hours. The intraday low and high are $62,553 and $66,284, respectively. Trading volume has also tanked 14% over the past 24 hours.
Veteran trader Peter Brandt highlighted a log scale BTC price chart. It shows Bitcoin is close to testing the crucial 9-year rising support line, with high chances of possibly breaking down the level.
BTC price needs to hold and bounce from the $60,000 to avoid a major crash. Peter Brandt predicted the next move towards $58K lows.
